Money Average rent for 2-bedroom apartment in Canada hits $989, up 2.7% in past year

09:06 07 december 2017

09:06 07 december 2017 Source:
cbc.ca

Keith Urban buys &dollar;52m mansion for wife Nicole Kidman

Keith Urban buys &dollar;52m mansion for wife Nicole Kidman to enable her to pursue her dream of starring in stage shows on Broadway. Keith Urban has splashed out &dollar;52 million on a New York . The 50-year-old country singer has splurged the huge sum on the plush seven-bedroom property, which was once home to Michael Jackson, to enable his 50-year-old significant other to pursue her dream of acting on stage in Broadway.An insider said: ''Nicole is keen to do Broadway shows and get into making TV programmes and New York is a much better place for them to be than Nashville.

The average monthly rent for a two - bedroom apartment in Canada last month was $ 989 , a rise of 2 . 7 per cent in the past 12 months. The Canada Mortgage and Housing Corporation said in its annual report Tuesday that rents increased by twice the inflation rate this year

Average rent for 2 - bedroom apartment in Canada hits $ 989 , up 2 . 7 % in past year . The annual rental market report from the Canada Mortgage and Housing Corporation shows a 3.2 per cent increase in the average rent in October, compared to 3 during the same period last year .

The average monthly rent for a two-bedroom apartment in Canada last month was $989, a rise of 2.7 per cent in the past 12 months.

Popular Searches

Amazon.com Inc

AMZN

Billionaire got Canadian citizenship after renting a Montreal basement

Among the most curious revelations contained in the Paradise Papers is the question of Wafic Said’s Canadian citizenship, and how he obtained it, given his tenuous ties to this country. Said, a Syrian-born, Monaco-based billionaire, was the broker of the 1985 Al-Yamamah arms deal to sell British warplanes to Saudi Arabia, in which £6 billion in “corrupt commissions” were allegedly paid to members of the Saudi royal family. The longtime friend of Brian Mulroney also donated &dollar;4 million to the soon-to-open Brian Mulroney Institute of Government at St. Francis Xavier University, where he received an honorary degree in 2015 and was announced as a Canadian citizen.

The average monthly rent for a two - bedroom apartment in Canada last month was $ 989 , a rise of 2 . 7 per cent in the past 12 months. The Canada Mortgage and Housing Corporation said in its annual report Tuesday that rents increased by twice the inflation rate this year

▲

1,152.35

+10.78

+0.94%

Wal-Mart Stores Inc

WMT

▼

97.28

-0.55

-0.56%

Regal Entertainment Group

RGC

▼

22.58

-0.10

-0.44%

Air New Zealand Ltd

ANZFF

▲

2.23

+0.01

+0.45%

The Canada Mortgage and Housing Corporation said in its annual report Tuesday that rents increased by twice the inflation rate this year, as booming demand for rental units pushed up prices, despite more of them being built.

Some of the highest rent increases were in British Columbia, where average rents in large urban centres such as Kelowna, Victoria and Vancouver increase by 8.6, 8.1 and 6.2 per cent, respectively.

Ontario rents also increased, mainly in and around the Toronto area.

Centres in Ontario with strong rent increases included Belleville (5.9 per cent), Oshawa (5.2 per cent), Hamilton (5.1 per cent), Barrie (4.6 per cent) and Toronto (4.2 per cent).

The president of a Calgary property management company says his Kensington apartment building did not need to be immediately evacuated of its 125 residents.The 125 residents of Kensington Manor, at 321 10th St. N.W., have yet to get their belongings nearly two weeks after the crisis.

Rent on an average two - bedroom apartment in Vancouver rose 4.6 per cent last year , almost twice as fast as average for Canadian cities Low supply, high demand pushing up rents in Vancouver area, says realtor. 1 in 5 Canadian renters spend half their income on rent , housing groups say.

Average rent for 2 - bedroom apartment in Canada hits $ 989 , up 2 . 7 % in past year read comments. Canada taking fight with U.S. over softwood lumber duties to WTO. NAFTA's potential end would hurt, but BMO says it's a 'manageable risk'.

Rents in B.C. and Ontario increased mainly because the vacancy rate declined in each of them, allowing landlords to be choosier about tenants, and to charge more.

That's not the case in Canada's oil-producing provinces, however, where high vacancy rates continue to put downward pressure on rents.

In Saskatoon and Edmonton, the average rent on a two-bedroom apartment declined by 1.3 per cent this year. In Calgary, average rents decreased by one per cent.

In dollar terms across the country, Vancouver is the most expensive rental market in Canada, with the average price for a two-bedroom going for $1,552. Toronto is next highest at $1,404 and Calgary at $1,247.

Rents were lowest in Trois-Rivières ($594), Saguenay ($605) and Sherbrooke ($631), all in Quebec.

Is rent control making Toronto’s vacancy squeeze worse? .
If developers were allowed to add 10 floors to every building proposal this year, there would be thousands of new rental units on the market in a short time, says Joseph Feldman, director of development for Camrost Felcorp. define("homepageFinanceIndices", ["c.deferred"], function () { var quotesInArticleFormCode = "PRMQAP"; var config = {}; config.indexdetailsurl = "/en-ca/money/indexdetails"; config.stockdetailsurl = "/en-ca/money/stockdetails"; config.funddetailsurl = "/en-ca/money/funddetails"; config.etfdetailsurl = "/en-ca/money/etfdetails"; config.

Similar from the Web

The average monthly rent for a two - bedroom apartment in Canada last month was $ 989 , a rise of 2 . 7 per cent in the past 12 months. The Canada Mortgage and Housing Corporation said in its annual report Tuesday that rents increased by twice the inflation rate this year

Average rent in Windsor-Essex jumps to $772, up 3. 2 % in the past year - www.cbc.ca

Average rent for 2 - bedroom apartment in Canada hits $ 989 , up 2 . 7 % in past year . The annual rental market report from the Canada Mortgage and Housing Corporation shows a 3.2 per cent increase in the average rent in October, compared to $753 during the same period last year .

The average monthly rent for a two - bedroom apartment in Canada last month was $ 989 , a rise of 2 . 7 per cent in the past 12 months. The Canada Mortgage and Housing Corporation said in its annual report Tuesday that rents increased by twice the inflation rate this year

Rent on an average two - bedroom apartment in Vancouver rose 4.6 per cent last year , almost twice as fast as average for Canadian cities Low supply, high demand pushing up rents in Vancouver area, says realtor. 1 in 5 Canadian renters spend half their income on rent , housing groups say.

Most Viewed. Almost half of new, young homeowners have down payments of less than 20% read comments. Average rent for 2 - bedroom apartment in Canada hits $ 989 , up 2 . 7 % in past year read comments.

Lawmakers on both sides of the Atlantic criticized Facebook and its chief executive, Mark Zuckerberg, after reports surfaced that another company, Cambridge Analytica, improperly harvested information from 50 million Facebook […]

Facebook's massive data breach is 'opening a can of worms'Facebook shares are down more than 6% Monday on news of a massive data breach. The stock closed Friday at $US185 a share and is down to a low of $US173 […]

Aeroplan members to earn miles on Amazon.caThe loyalty rewards program says members who visit Amazon.ca through the Aeroplan website will be able to earn at least one Aeroplan mile for every $1 dollar […]

Brookfield Property Partners L.P. (TSX:BPY.UN)(NYSE:BPY) is a great buy for those that want to build a real estate empire.Fortunately, it’s not that hard. If you were to buy Brookfield Property Partners L.P.(TSX:BPY.UN)(NYSE:BPY), you’d gain a diversified holding of real estate that […]